$100k is almost double the average income of single mothers (of ANY education level) though, and, again on average, more than a third of their income go towards childcare.
Add the fact that someone with 4 children would pay MORE than average in childcare and other expenses including ridiculously high rent and there REALLY isn’t enough left over to ever afford a house anywhere but the least desirable parts of the least desirable states.
I’m not being sexist, you’re downplaying the ongoing national emergency of deep systemic poverty.
$100k is almost double the average income of single mothers (of ANY education level) though, and, again on average, more than a third of their income go towards childcare.
Implying people buy houses in cash does not make you seem knowledgeable about the housing market.
Not owning a house does not mean you’re in poverty.
I did no such thing. Your income and credit score determine whether you’ll get approved for a mortgage though and if you don’t have enough of the former to keep the latter good, you ain’t getting it.
Not owning a house does not mean you’re in poverty.
Never implied that either. The reverse tends to be true though: being in poverty usually means not being able to afford a house.
I did no such thing. Your income and credit score determine whether you’ll get approved for a mortgage though and if you don’t have enough of the former to keep the latter good, you ain’t getting it.
Yes and this hypothetical person has the income to secure a mortgage. I know because I made less than $100k when I bought my house for about the same as in this example.
Even in the invented example you have, this all still works, so I’m not seeing the issue
Most people shouldn’t be homeowners, and making it tougher to secure funding is a good thing and prevents housing crashes.
I know because I made less than $100k when I bought my house for about the same as in this example.
Good for you, but most single mothers couldn’t afford to do that and your “evidence” is purely anecdotal. I’m guessing you live somewhere with very low property prices and/or susidized childcare if you’re indeed a single mom.
Most people shouldn’t be homeowners
Says who? What gives you the right to determine whether people should be allowed to own their home rather than be rent gouged for their entire adult lives?
making it tougher to secure funding is a good thing
It sure as hell isn’t! See the aforementioned rent gouging. In the roughly 20 years since moving from my parents’ homes, I’ve paid several times more in rent than a decent house or condo plus taxes would have cost.
Because I never had and probably never WILL have that much at the same time, either up front or through a loan, though, I’m going to pay more for modest apartments over my lifetime without ever owning one than rich people pay for a very nice house. It’s called a poor tax and it’s not a fair or otherwise good thing.
prevents housing crashes.
No it doesn’t. Housing crashes are caused by real estate speculation going wrong, not poor people owning their homes.
The sunprime mortgage crisis wasn’t about poor people getting loans. It was about banks and other financial institutions gambling with the ownership of that debt and other overvalued assets until the jenga tower inevitably toppled.
Nobody’s saying that anyone’s stupid (though you’re certainly being very obtuse right now and probably deliberately so), but you can’t budget yourself out of basic barebones living expenses.
That’s not stupidity or anything to do with gender, that’s a greed-based system stacked against single mothers and other marginalized groups.
And I likewise hope that some day you’ll learn that the statistically likely happens more often than individual exceptions and as such should be treated as the default basis of any serious discussion about a topic at large.
$100k is almost double the average income of single mothers (of ANY education level) though, and, again on average, more than a third of their income go towards childcare.
Add the fact that someone with 4 children would pay MORE than average in childcare and other expenses including ridiculously high rent and there REALLY isn’t enough left over to ever afford a house anywhere but the least desirable parts of the least desirable states.
I’m not being sexist, you’re downplaying the ongoing national emergency of deep systemic poverty.
You’re feeding a troll or an idiot, either way it’s not worth it
True.
Implying people buy houses in cash does not make you seem knowledgeable about the housing market.
Not owning a house does not mean you’re in poverty.
I did no such thing. Your income and credit score determine whether you’ll get approved for a mortgage though and if you don’t have enough of the former to keep the latter good, you ain’t getting it.
Never implied that either. The reverse tends to be true though: being in poverty usually means not being able to afford a house.
Yes and this hypothetical person has the income to secure a mortgage. I know because I made less than $100k when I bought my house for about the same as in this example.
Even in the invented example you have, this all still works, so I’m not seeing the issue
Most people shouldn’t be homeowners, and making it tougher to secure funding is a good thing and prevents housing crashes.
Good for you, but most single mothers couldn’t afford to do that and your “evidence” is purely anecdotal. I’m guessing you live somewhere with very low property prices and/or susidized childcare if you’re indeed a single mom.
Says who? What gives you the right to determine whether people should be allowed to own their home rather than be rent gouged for their entire adult lives?
It sure as hell isn’t! See the aforementioned rent gouging. In the roughly 20 years since moving from my parents’ homes, I’ve paid several times more in rent than a decent house or condo plus taxes would have cost.
Because I never had and probably never WILL have that much at the same time, either up front or through a loan, though, I’m going to pay more for modest apartments over my lifetime without ever owning one than rich people pay for a very nice house. It’s called a poor tax and it’s not a fair or otherwise good thing.
No it doesn’t. Housing crashes are caused by real estate speculation going wrong, not poor people owning their homes.
The sunprime mortgage crisis wasn’t about poor people getting loans. It was about banks and other financial institutions gambling with the ownership of that debt and other overvalued assets until the jenga tower inevitably toppled.
Ok sexist who thinks this hypothetical mother is too stupid to properly budget her bid on a house.
Nobody’s saying that anyone’s stupid (though you’re certainly being very obtuse right now and probably deliberately so), but you can’t budget yourself out of basic barebones living expenses.
That’s not stupidity or anything to do with gender, that’s a greed-based system stacked against single mothers and other marginalized groups.
Someday I hope you have the ability to understand the difference between a data point about large groups and individual circumstance.
And I likewise hope that some day you’ll learn that the statistically likely happens more often than individual exceptions and as such should be treated as the default basis of any serious discussion about a topic at large.
https://lemm.ee/comment/5190752
This is the kind of person whose mindset matches yours, the bigot of the lowered expectations.
Be better, fam.
Found a book you might be interested in. Make your outfit match your statements.
I hear that industry has some problems with sexism itself, no wonder you have it on hand, it must be work material.
Please stop dragging women into your bullshit we don’t need your help. You’re just using sexism as a shield for your inane and wrong opinions anyway.